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Macquarie Raises $AMZN TGT to $2100 from 1750
Analyst Ben Schachter wrote in a note to clients Friday
“We believe that even without margin expansion in core retail, the other businesses can drive significant profit growth over the coming years and will make AMZN the first trillion dollar company,” .
“As its core 1st and 3rd party retail sales continue to take significant share from virtually all competitors, its subscription business, AWS, and advertising business are all exceeding expectations markedly.”
The analyst’s new price target is $2,100, which would imply a surge of about 40 percent from Thursday’s close to a market value of $1.02 trillion. Amazon closed Thursday at $1,517.96 and was up 9.5 percent in premarket trading Friday to
1,661.99.Schachter’s new target is the highest on Wall Street, according to TipRanks.com.
[color=green][b]and CEO made $12 BILLION in a single day (that’s got be a record – lol) …
AWS skillset & certifications to support cloud apps is a hot IT skill also
by this once-upon-a-time book seller – lol ;)[/b][/color]
Amazon reiterated Outperform and price target raised to $1,800 from $1,750 at Wedbush Securities.
Canaccord Genuity reiterated Buy rating and raised target to $1,800 from $1650.
JMP Securities reiterated Outperform and raised price target to $1,840 from $1,600.
Stifel reiterated Buy rating and raised target to $2020 from $1800[quote=”CautiousInvestor” post=6162][color=green][b]and CEO made $12 BILLION in a single day (that’s got be a record – lol) …
AWS skillset & certifications to support cloud apps is a hot IT skill also
by this once-upon-a-time book seller – lol ;)[/b][/color][/quote]
There’s hope for us all 🙂
Amazon Expanding Amazon Go stores outside its home base.
After success at the pilot store in Seattle $AMZN s looking for store managers for the new Amazon Go stores in Chicago and San-Francisco. Recode had earlier reported that Amazon plans to roll out the new services to nearly six cities in 2018.
Just like how the company has a significant influence on online shopping via Prime, it hopes to raise the bar for brick-and-motor shopping via Amazon Go. To compete with Amazon in this space, Walmart is also working on developing a similar cashier-free store.
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